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| Price | ▲ 8.87% | ▲ 12.06% | ▲ 0.16% | ▼ 14.86% |
| Energy | ▲ 18.9 | ▲ 110.4 | ▲ 12.2 | ▼ 72.7 |
Trend of Neutral BTCUSD Weekly
▸When BTCUSD is in Neutral:
- then BTCUSD moved to higher Market State: 28 times — 50%
- then BTCUSD moved to lower Market State: 28 times — 50%
▸Current BTCUSD market energy: 4.66%
- Distance to upper bound of Neutral (at 20.88%): 16.22%
- Distance to lower bound of Neutral (at -20.88%): 25.54%
"Does history really repeat itself?" — 2AITRADING
The neutral energy level recorded from just-completed Weekly candle data for BTCUSD.
Market energy movement Market Energy dropped -72.7% this candle, currently 4.7% (previous candle 77.4%).
Time in Neutral energy zone: 1 Weekly Candle
Traders using any methodology can reference Market Energy on 2AiTrading to consider adjustments to their strategy — including stoploss, takeprofit, or position sizing — depending on the situation.
Not enough data in the past 5 days to show a range.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did BTCUSD price and energy show when this Weekly candle closed?
When the Weekly candle at 07:00 on 29-07-2024 closed, BTCUSD was at 58,148.99, down 14.86% from the previous candle (68,294.33). Market Energy was 4.7%, down 72.7 points from 77.4%, in the Neutral state — the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How much did BTCUSD price move on this Weekly candle, and how large is that historically?
BTCUSD closed at 58,148.99, down 14.86% from the previous Weekly candle (68,294.33). This drop is larger than 93% of past drops on the Weekly timeframe for BTCUSD, across 291 candles since 2019.
How did BTCUSD Market Energy change from the previous candle?
Market Energy fell 72.7 percentage points from the previous candle — from 77.4% to 4.7%. This drop is larger than 96% of past drops on the Weekly timeframe for BTCUSD.
Do BTCUSD price and energy agree?
Yes. This candle recorded price moving down in the same direction as energy. This describes the candle that just closed; it does not say where price goes next.
What state was BTCUSD in on the previous Weekly candle?
The previous Weekly candle had BTCUSD at 77.4%, Bull Extreme — when this candle closed, BTCUSD moved down to a lower zone: Bull Extreme → Neutral.
Where does BTCUSD energy sit within the Neutral zone?
At 4.7%, BTCUSD is 16.22 points from the upper boundary of Neutral (20.88%) and 25.54 points from the lower boundary (-20.88%) — so energy sits closer to the upper boundary at candle close.
What does Neutral mean?
Neutral is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Neutral definition →How are the broader market indices trending?
Based on each index's latest completed H1 candle as of this candle close: SPX500 (US equities) in Bull Bias with energy 55.4%; GER40 (European equities) in Bull Extreme with energy 97.9%. Against this backdrop, BTCUSD (Neutral, 4.7%) lower than SPX500, GER40.
How is the US Dollar Index (DXY) trending?
Based on the latest completed H1 candle as of this candle close, the US Dollar Index (DXY) was in Bear Bias with Market Energy -43.9%. BTCUSD energy is currently above DXY by 48.6 points.
See the real-time energy chart for BTCUSD.
Open Energy ChartSee the full 2AiTrading Model data for BTCUSD on the BTCUSD overview →
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